|Bid||7.820 x 0|
|Ask||7.830 x 0|
|Day's Range||7.680 - 8.100|
|52 Week Range||4.830 - 9.300|
|Beta (5Y Monthly)||0.92|
|PE Ratio (TTM)||10.50|
|Forward Dividend & Yield||0.25 (3.21%)|
|Ex-Dividend Date||May 31, 2021|
|1y Target Est||N/A|
Rating Action: Moody's assigns Baa1 to Beijing Enterprises Holdings' proposed guaranteed bondsGlobal Credit Research - 27 Apr 2021Hong Kong, April 27, 2021 -- Moody's Investors Service has assigned a Baa1 rating to the proposed senior unsecured guaranteed bonds to be issued by Talent Yield International Limited. Specifically, the Chinese government targets to increase natural gas consumption to 15% of its primary energy mix by 2030 from about 8% in 2019.In addition, BEHL's operations are also exposed to worker health and safety risks in relation to its construction and operation of city gas projects and waste water treatment facilities.
Moody's rating action follows an announcement on 22 December 2020 where the company has entered into an agreement to dispose its 60% equity stake in PetroChina Beijing Pipeline Co., Ltd (Beijing Pipeline) and 75% equity stake in PetroChina Dalian LNG Co., Ltd. (Dalian LNG). "The proposed disposals, if materialized, will weaken Kunlun's financial position and business profile, but its pro-forma credit metrics will be manageable within its rating," says Boris Kan, a Moody's Vice President and Senior Credit Officer. "We understand that the company will focus on downstream city gas operations in China following completion of the proposed disposal and will continue to have high strategic importance to its state-owned parent," adds Kan.